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Our small business is to the point where we can think about setting up retirement plans. A patient, who happens to be a Merrill Lynch broker, has suggested a SEP. As much as I'd like to business with her, I'm a little leary of the "full service broker" concept.

A few questions:
1) How difficult is it to set up a SEP with a discount broker with your own parameters?
2) Are there any advantages of using a full service broker?
3) Any recommendations for discount brokers?
4) Any other suggestions?

Thanks.
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